6.7

6.7

The Law Office of Molly Wright Sullivan provides comprehensive estate planning and... more

The Law Office of Molly Wright Sullivan provides comprehensive estate planning and succession services, with an emphasis on planning for individuals with disabilities and their families. Molly Wright Sullivan is a graduate of Newcomb College (’95, Political Economy) and Tulane Law School (’09). She serves on the Board of Directors of Families Helping Families of Southeast Louisiana, and is a...view profile

6.5

6.5

Melinda Tucker is a probate, estate, and succession attorney based in the New... more

Melinda Tucker is a probate, estate, and succession attorney based in the New Orleans, Louisiana, area. She handles all estate litigation and Louisiana probate and succession matters for the firm. Her practice includessimple to complex trust and estate conflict resolution and litigation, post-death estate administration, conservatorships, guardianships,and estate and small business planning. ...view profile

6.8

6.3

A trust is an arrangement whereby someone owns and manages money or property for another person's benefit. Like a guardianship, a trustee has decision-making authority over the trust property, but no court is involved in the trustee's action–the person who creates the trust defines the scope of the trustee's power. There are many different trust types, including probate trusts, income trusts, spendthrift trusts, and educational trusts. For example, a living trust allows you to manage your property while you are alive and to direct who will manage it if you become incapable of doing so. In essence, you choose your own “guardian” in advance and avoid having the court do it for you. A trust attorney reviews the many reasons for establishing a trust with you, and can ensure your trust will be legally valid.